Fannie Mae (FNMA)

[Newyorktrader2017]

One thing I can certainly say that Market was waiting for today's Mel's interview/correspondence & despite Mel's no concrete answer on what he intends to do it still held 1 cent up which means at least his approach was not seen in a negative light. just a little under 90 days to 2018 and I am sure things will move in our direction.

Remember, in November of last year Mnuchin mentioned that GSEs cannot be kept in their current state and something has to be done. I know there is a delay but I am optimistic that it will be taken care of in early 2018.

Now that Corker is out of race and the whole Wind Down talks almost depleted, the price will hold above $3.